Rent to Own Homes in Camarillo
Camarillo is a growing city positioned near the southwestern coast of California. U.S. Route 101 cuts through the center of town, the Santa Clara River flows west of town and the Pacific coast is less than 15 miles to the west. Ventura is about 15 miles to the northwest, Thousand Oaks is about 13 miles to the west and Santa Clarita is about 40 miles to the west. The city is surrounded by large green spaces that are perfect for outdoor recreation throughout the year, including Paradise Falls, Happy Camp Canyon Park, Point Mugu State Park and River Ridge Golf Course.The below results are primarily rent to own homes in :
Camarillo is a growing city positioned near the southwestern coast of California. U.S. Route 101 cuts through the center of town, the Santa Clara River flows west of town and the Pacific coast is less than 15 miles to the west. Ventura is about 15 miles to the northwest, Thousand Oaks is about 13 miles to the west and Santa Clarita is about 40 miles to the west. The city is surrounded by large green spaces that are perfect for outdoor recreation throughout the year, including Paradise Falls, Happy Camp Canyon Park, Point Mugu State Park and River Ridge Golf Course.The below results are primarily rent to own homes in :
California State University Channel Islands is less than five miles south of Camarillo, and the city is dotted with parks and green spaces. This includes Spanish Hills Country Club, Freedom Park, Village at the Park Sports Complex, Mission Oaks Dog Park, Woodcreek Park and Lokker Park. The Camarillo Airport is located near the southwestern corner of the city, and considerable space is dedicated to premium outlet stores and malls. Residents have access to the Camarillo Public Library and annual events like the Camarillo Christmas Parade. Camarillo originally formed as a farming community and was surrounded by groves of lemons and oranges. It was also well known as home to the Camarillo State Mental Hospital, which once served as the city’s largest employer. Today, some of the largest employers include the Pleasant Valley School District, St. John’s Pleasant Valley Hospital and Marz Farms.
Buying vs. Rent to Own Homes
Renting to own a home is like a test drive for buying a house. It’s comparable to the car dealership letting you drive out of the lot with the car that you want (after you pay a small option fee) and telling you to come back when you have the money to pay the full price of it, as long as it is within the lease term. Then you make monthly lease payments until you’re ready to buy it.
You should lease-option when you’re close to getting financing for the home you’re looking to purchase, but need a bit more time (1-3 years) before you’re ready. And if you’re unsure about the house, you have more time to consider it from a more personal perspective.
Similarly to test driving a car, once you’re sure that this is the house you want and you have the money to purchase it, you should buy it as soon as possible. There’s no sense in paying rent money for longer than you need to. Rent to own also gives you the flexibility to close on a home whenever you’re ready to. It’s a mix of the best parts of renting and buying.
Rent to Own Realtors
An agent serves as a protection for both the buyer and the seller. They can save the buyer and seller a lot of time and money, which could offset the realtor’s commission.
However, not many realtors are interested in helping with lease-options. They make a minimal profit off of the lease portion of the deal, and the profit from the purchase is several years down the line and isn’t guaranteed.
Instead, protect yourself by communicating with lawyers, title agents and mortgage lenders to ensure that your rent to own deal works smoothly.
About Our Listings
It’s in the bank’s best interest to avoid foreclosed homes because they end up having to sell them cheap to recoup lost money. So, they try to play it safe with mortgage approvals by steering clear of people with bad credit.
That doesn’t help someone who’s working on getting their credit together to buy a condo or a townhouse. Nonetheless, rent to buy programs can help people work toward purchasing houses and apartments with no credit check.
The free listings on our site are usually rent to own by owner, so deals are more reasonable and trustworthy than big company lease to purchase properties are. Whenever you’re ready just look for lease-option or lease-purchase homes near me on the Rent to Own Labs website.
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